Global Economics & Capital Markets

Episode 66: Mid-Year Capital Markets Review

Mid-Year Capital Markets Review

By JAMES PARKYN & FRANÇOIS DOYON LA ROCHELLE

In this Episode, James Parkyn & François Doyon La Rochelle will be reviewing the performance of capital markets for the first half of 2024. It is a subject they cover twice yearly to help their listeners better understand and evaluate their portfolios’ performance. 

DISCOVER THE PEACE OF MIND OF KNOWING YOUR INVESTMENTS AND WEALTH ARE IN GOOD HANDS BY CONTACTING PWL CAPITAL'S PARKYN-DOYON LA ROCHELLE TEAM IN MONTREAL TODAY.

Read The Script:

1)   INTRODUCTION:

François Doyon La Rochelle:  You’re listening to Capital Topics, episode #66! 

This is a monthly podcast about passive asset management and financial and tax planning ideas for the long-term investor.  

Your hosts for this podcast are James Parkyn and me François Doyon La Rochelle, both portfolio managers with PWL Capital. 

Our topic for today will be the review of performance of capital markets for the first half of 2024. 

Enjoy! 

2) 2024 MID-YEAR CAPITAL MARKETS REVIEW  :

François Doyon La Rochelle: 

Before we start, we thought of rewarding our regular listeners with a prize. All of you are eligible, we will have more details at the end of today’s podcast.  

Now, I will start to cover today’s topic which is the mid-year review of the global capital markets performance for the first half of 2024. Our regular listeners know that we cover this topic twice yearly to help them better understand and evaluate their portfolios’ performance. 

James Parkyn:  

Yes, and François since we will be going over a lot of data points from our market statistics report, I would like to remind our listeners that the report can be found on our Capital Topics website page in the resources section, or it is available on our team’s page on the PWL Capital website. …Read More

Links:

- Team Parkyn-Doyon La Rochelle Model Portfolios - June 30, 2024 - PWL Capital by Raymond Kerzérho at PWL Capital 

- Market Statistics - Parkyn Doyon La Rochelle - June 2024 - PWL Capital by Raymond Kerzérho at PWL Capital 

- Email for Tennis tickets giveaway: capitaltopics@pwlcapital.com 

Episode 65:How to Invest When Markets Are Making New All-Time Highs and the Review of the UBS Global Investment Returns Yearbook 2024

How to Invest When Markets Are Making New All-Time Highs and the Review of the UBS Global Investment Returns Yearbook 2024

By JAMES PARKYN & FRANÇOIS DOYON LA ROCHELLE

In this Episode, James Parkyn & François Doyon La Rochelle start by discussing what investors should be doing when markets are making new all-time highs. 

For their second topic, they review the 25th edition of the UBS Global Investment Returns Yearbook 2024 Summary Edition. 

DISCOVER THE PEACE OF MIND OF KNOWING YOUR INVESTMENTS AND WEALTH ARE IN GOOD HANDS BY CONTACTING PWL CAPITAL'S PARKYN-DOYON LA ROCHELLE TEAM IN MONTREAL TODAY.

Read The Script:

1)   INTRODUCTION:

François Doyon La Rochelle:  You’re listening to Capital Topics, episode #65! 

This is a monthly podcast about passive asset management and financial and tax planning ideas for the long-term investor.  

Your hosts for this podcast are James Parkyn and me François Doyon La Rochelle, both portfolio managers with PWL Capital. 

In this episode, we will discuss the following points: 

  • In first topic, we discuss what investors should be doing when markets are making new all-time highs. 

  • And next, in our second topic, we Review the UBS Global Investment Returns Yearbook for 2024  

Enjoy! 

2) UPDATE ON THE PERFORMANCE OF THE MAGNIFICENT SEVEN  :

François Doyon La Rochelle: 

In our first topic today, we will try to help our listeners deal with the anxiety brought on by the fact that markets are reaching new record highs.  The headlines in the financial media are often alarming when this happens, suggesting that the markets have nowhere to go from here but down. Such headlines negatively impact investors’ emotional behaviors, influencing their decision-making process. 

James Parkyn:  

Indeed, François, this type of market often triggers questions from clients. On the one hand, clients are happy that the markets are up but on the other hand, they wonder if they should be selling assets to avoid the inevitable upcoming downturn. Also, when markets are making new highs, it is emotionally more difficult for investors to take the plunge and deploy new funds. These are typical investor behavioral challenges when markets are setting new highs, that often lead to mistakes that reduce their long-term returns. …Read More

Links:

- Investing at all-time highs by RBC Global Asset Management 

- Global Investment Returns Yearbook 2024 | UBS Globalguide by UBS Investment Bank 

- Episode #52 : The New Tax-Free First Home Savings Account FHSA — Capital Topics by James Parkyn & François Doyon La Rochelle 

- Episode 38: Review of the Credit Suisse 2022 Global Investment Returns Yearbook — Capital Topics by James Parkyn & François Doyon La Rochelle 

Episode 64: The Latest on the Magnificent Seven Stocks and Warren Buffet’s Annual Letter for Shareholders

The Latest on the Magnificent Seven Stocks and Warren Buffet’s Annual Letter for Shareholders

By JAMES PARKYN & FRANÇOIS DOYON LA ROCHELLE

In this Episode, James Parkyn & François Doyon La Rochelle start by giving an update on the performance of the Magnificent Seven stocks and how they have done year-to-date in 2024. 

Then review Warren Buffett’s Annual Letter to Shareholders of Berkshire Hathaway. 

DISCOVER THE PEACE OF MIND OF KNOWING YOUR INVESTMENTS AND WEALTH ARE IN GOOD HANDS BY CONTACTING PWL CAPITAL'S PARKYN-DOYON LA ROCHELLE TEAM IN MONTREAL TODAY.

Read The Script:

1)   INTRODUCTION:

François Doyon La Rochelle: You’re listening to Capital Topics, episode #64! 

This is a monthly podcast about passive asset management and financial and tax planning ideas for the long-term investor.  

Your hosts for this podcast are James Parkyn and me François Doyon La Rochelle, both portfolio managers with PWL Capital. 

In this episode, we will discuss the following points: 

  • First, we will give you an update on the performance of the Magnificent Seven Stocks and the lessons investors should retain when investing in these high-flying stocks. 

  • And next, for our second topic, we will review Warren Buffett’s Annual Letter to Shareholders of Berkshire Hathaway  

Enjoy! 

2) UPDATE ON THE PERFORMANCE OF THE MAGNIFICENT SEVEN  :

François Doyon La Rochelle:  In our first topic today, we will review the performance of the Magnificent Seven stocks and how they have done year-to-date in 2024. We will ask ourselves if it has been worthwhile to chase these high-flying stocks. 

James Parkyn:  Yes François, but before we go into the details, I just want to give our listeners a quick reminder of where that catchy label for these high-performing stocks came from. They may remember that at first, in the mid-2010s, the acronym FANG, popularized by Jim Cramer on his CNBC TV Mad Money show, was used to label a group of stocks namely, Facebook (now Meta), Amazon, Netflix, and Google (now Alphabet), who had spectacular growth and performance.  Later in that decade, Apple was added to the group and another A was added to the label FAANG. Then, early in 2023, the term FAANG was replaced by The Magnificent Seven to label a group of seven mega-cap market-leading stocks. The companies in that group are Alphabet, Amazon, Apple, Meta, Microsoft, Nvidia and Tesla. You will notice Microsoft and Nvidia were added but Netflix is no longer there. …Read More

Episode 63: Update on the Results of Active vs Passive Management for 2023 & Review of the 2024 Federal Budget and the New Rules That Affect Investors

Update on the Results of Active vs Passive Management for 2023 & Review of the 2024 Federal Budget and the New Rules That Affect Investors

By JAMES PARKYN & FRANÇOIS DOYON LA ROCHELLE

In this Episode, James Parkyn & François Doyon La Rochelle at PWL Capital Montreal start by giving an update on the results of active vs passive management for 2023. 

They then review the 2024 Federal Budget and the New Rules that affect Investors.

DISCOVER THE PEACE OF MIND OF KNOWING YOUR INVESTMENTS AND WEALTH ARE IN GOOD HANDS BY CONTACTING PWL CAPITAL'S PARKYN-DOYON LA ROCHELLE TEAM IN MONTREAL TODAY.

Read The Script:

1)   INTRODUCTION:

François Doyon La Rochelle: You’re listening to Capital Topics, episode #63! 

This is a monthly podcast about passive asset management and financial and tax planning ideas for the long-term investor.  

Your hosts for this podcast are James Parkyn and me François Doyon La Rochelle, both portfolio managers with PWL Capital. 

In this episode, we will discuss the following points: 

  • First, we will give you an update on the result of active vs passive management for 2023. 

  • And next, for our second topic, we will review the 2024 Federal Budget and the New Rules that affect Investors. 

Enjoy! 

1) UPDATE ON THE RESULTS OF ACTIVE VS PASSIVE MANAGEMENT FOR 2023  :

François Doyon La Rochelle: For our first topic today, as we have done in the past, we will look at the results of active management versus passive or in other words, indexing strategies for 2023. This is an annual exercise that we perform. We look at the data from a report produced by S&P Dow Jones Indices which measures the results of the S&P Indices versus active funds. This report is called the SPIVA Canada Scorecard.  

James Parkyn : Yes François, in addition to the SPIVA Scorecard we also look at the results of the Morningstar U.S. Active vs Passive Barometer report which compares the performance of active funds against their respective passive peers. Although this is a U.S.-centric report, we feel that it is more complete than the SPIVA report since Morningstar measures the rate of success of active managers against the results of actual passive funds and not indexes. …Read More

Episode 60: 2023 Investing Lessons and the review of “The Price of Time” by Edward Chancellor

2023 Investing Lessons and the review of “The Price of Time” by Edward Chancellor

By JAMES PARKYN & FRANÇOIS DOYON LA ROCHELLE

In this Episode, James Parkyn & François Doyon La Rochelle will continue their yearly tradition and discuss the Investing Lessons of 2023

Then, they review “The Price of Time” by Edward Chancellor, a book that they highly recommend for all their listeners.

Read The Script:

1)   INTRODUCTION:

François Doyon La Rochelle: You’re listening to Capital Topics, episode #60!

This is a monthly podcast about passive asset management and financial and tax planning ideas for the long-term investor.

Your hosts for this podcast are James Parkyn and me François Doyon La Rochelle, both portfolio managers with PWL Capital.

In this episode, we will discuss the following points:

For our first topic, we discuss the investing lessons of 2023.

And next, for our main topic, we will review the book titled “The Price of Time” by Edward Chancellor.

Enjoy!

1) 2023 INVESTING LESSONS :

François Doyon La Rochelle: I will start. In our last podcast, #59, we reviewed the capital markets results for 2023 and by doing so we underlined the main economic and geopolitical events that we believe have shaped the capital markets results last year. This being said every year brings valuable lessons to investors to help us stay disciplined and focused on the long-term and avoid being deterred by the short-term noise. So, James, as we do every year at this time, let’s review the Investing Lessons of 2023…Read More